On Saturday July 23, 2011 shortly after the Texas First Bank opened at 8:00 a.m., two male subjects entered the bank and robbed the tellers at gun point. The suspects were described as young, possible in their mid to late 20's, and dark skinned. The suspects were wearing masks and were armed with handguns. They fled the bank in a newer model Toyota.

The Toyota was later recovered on Oleander just west of Highway 3, less than one mile from the bank. The vehicle had been stolen earlier in the day during a reported carjacking in Galveston.

An undetermined amount of cash was taken from the bank. No physical injuries were reported.